Lithium stocks have likely been hit because of its big run up recently. When these bulls rage after a while the market looks for an excuse to pull back. This time its oversupply worries - this early in the electric car cycle - oversupply - give us all a break!!. If it was not that something else would have turned up to spook the market.
Once the dust settles the run should resume. Lets face it they will not be producing less cars and other items relying on Lithium to match supply.
Of course which lithium stocks participate in the run??
At least CXO has an indicated and inferred resource. Small but looking to build on it. That is the key - expanding the size of that resource.
Ann: Significant Widths and Grades of Spodumene at Sandras, page-208
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10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 10.5¢ | $536.3K | 4.933M |
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| No. | Vol. | Price($) |
|---|---|---|
| 96 | 4283334 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1066000 | 5 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |